Nifty 1,500 Points Up In Pre-Opening As Markets Cheer India-US Trade Deal
Battered by the budget 48 hours ago, the markets swung violently the other way Tuesday morning after US President Donald Trump annoounced the long-pending India-US trade deal had been agreed.
The Sensex opened over 3,600 points in the green to cross 85,000 after having closed Monday at 81,666.46, and the similarly bruised Nifty 50 gained 1,200 points from its Monday close of 25,088.40.
India's stock markets have seen massive volatility over the past week, starting with the benchmark indices erasing overnight losses after a Free Trade Agreement - the "mother of all deals", Prime Minister Narendra Modi declared - with the European Union. The textiles sector responded particularly well, surging over 12 per cent, while automotives dropped four per cent.
